Needham & Company LLC restated their buy rating on shares of Park Electrochemical Corporation (NYSE:PKE) in a research note issued to investors on Friday. They currently have a $22.00 price objective on the semiconductor company’s stock.

PKE has been the topic of several other reports. BidaskClub cut Park Electrochemical Corporation from a hold rating to a sell rating in a report on Thursday, August 10th. Zacks Investment Research raised Park Electrochemical Corporation from a sell rating to a hold rating in a research note on Saturday, August 26th.

Park Electrochemical Corporation (NYSE PKE) opened at 18.22 on Friday. Park Electrochemical Corporation has a 12 month low of $13.76 and a 12 month high of $20.24. The company’s 50-day moving average is $18.14 and its 200-day moving average is $17.96. The company has a market cap of $368.66 million, a price-to-earnings ratio of 47.95 and a beta of 0.85.

Park Electrochemical Corporation (NYSE:PKE) last released its quarterly earnings results on Wednesday, June 28th. The semiconductor company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $27.42 million for the quarter, compared to the consensus estimate of $29 million. Park Electrochemical Corporation had a return on equity of 4.92% and a net margin of 6.99%. During the same quarter last year, the firm posted $0.15 earnings per share. On average, equities research analysts anticipate that Park Electrochemical Corporation will post $0.64 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of PKE. Great West Life Assurance Co. Can lifted its stake in shares of Park Electrochemical Corporation by 11.4% in the first quarter. Great West Life Assurance Co. Can now owns 26,939 shares of the semiconductor company’s stock worth $481,000 after acquiring an additional 2,752 shares during the period. Chicago Equity Partners LLC acquired a new position in shares of Park Electrochemical Corporation in the first quarter worth approximately $222,000. US Bancorp DE lifted its stake in shares of Park Electrochemical Corporation by 1.0% in the first quarter. US Bancorp DE now owns 20,650 shares of the semiconductor company’s stock worth $370,000 after acquiring an additional 207 shares during the period. Comerica Bank lifted its stake in shares of Park Electrochemical Corporation by 3.8% in the first quarter. Comerica Bank now owns 21,022 shares of the semiconductor company’s stock worth $366,000 after acquiring an additional 765 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of Park Electrochemical Corporation by 2.8% in the first quarter. Gabelli Funds LLC now owns 366,547 shares of the semiconductor company’s stock worth $6,547,000 after acquiring an additional 9,947 shares during the period. 81.68% of the stock is currently owned by institutional investors.

About Park Electrochemical Corporation

Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.

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